CBIZ, Inc. Chief Accounting Officer Michael T. Mangan filed a Form 4 on November 2, 2026, reporting the cancellation and conversion of 7,633.4082 shares of CBIZ common stock following the completion of a merger with Viking MergerCo, Inc.

Key Highlights

  • Merger completed: Viking MergerCo, Inc. merged with and into CBIZ, Inc., with CBIZ continuing as the surviving corporation and an indirect wholly owned subsidiary of Viking ParentCo, Inc.
  • Merger Agreement date: The Agreement and Plan of Merger was dated July 28, 2026, according to the filing.
  • Shares canceled: Each outstanding share of CBIZ common stock, par value $0.01 per share, was canceled and converted into the right to receive $55.00 in cash per share, without interest.
  • Shares reported: Mangan held 7,633.4082 shares directly, which were disposed of at the effective time of the merger, leaving a post-transaction beneficial ownership of 0 shares.
  • RSU treatment: Each unvested RSU held by Mangan was canceled and converted into a replacement cash-settled RSU award representing the right to receive $55.00 in cash for each underlying share, subject to the same vesting schedule and substantially the same terms and conditions.
  • Transaction date: November 2, 2026, listed as both the date of earliest transaction and the filing date.

CBIZ Merger Closes: Mangan's Holdings Converted to Cash Rights

According to the Form 4 filed with the SEC, CBIZ Chief Accounting Officer Michael T. Mangan reported that his directly held shares of CBIZ, Inc. common stock were disposed of on November 2, 2026, as a result of the completion of a merger. The filing identifies the issuer as CBIZ, Inc., trading under ticker CBZ, though no exchange is specified in the filing's issuer field. Merger Sub merged with and into CBIZ, with CBIZ surviving as an indirect wholly owned subsidiary of Viking ParentCo, Inc.

The filing discloses that, pursuant to the Agreement and Plan of Merger dated July 28, 2026, each outstanding share of CBIZ common stock was canceled at the effective time of the merger and converted into the right to receive $55.00 in cash per share, without interest. Mangan's directly held position of 7,633.4082 shares was disposed of under this provision, resulting in a post-transaction direct beneficial ownership of 0 shares, as reported in Table I of the filing.

Regarding equity compensation, the filing states that each unvested RSU held by Mangan at the effective time was canceled and converted into a replacement cash-settled RSU award. Each such replacement award represents the right to receive $55.00 in cash for each underlying share, and remains subject to, according to the filing, "the same vesting schedule and substantially the same terms and conditions applicable to the corresponding RSU immediately prior to the Effective Time." The Form 4 was signed by Jaileah X. Huddleston as attorney-in-fact for Michael T. Mangan on November 2, 2026.

What Was Disclosed

Michael T. Mangan, Chief Accounting Officer of CBIZ, Inc., reported the cancellation of 7,633.4082 directly held shares of common stock and the conversion of unvested RSUs into cash-settled awards at $55.00 per underlying share, following the November 2, 2026 completion of the CBIZ merger.